The German government is transferring another $52 million in Bitcoin, threatening more Bitcoin selling pressure
A cryptocurrency wallet branded as “German Government (BKA)” sold $52 million worth of Bitcoin, raising doubts about the government’s desire to sell the entirety of its massive Bitcoin holdings. The wallet linked to the German government transferred 832.7 BTC $BTC In four individual transactions on July 2, the wallet sent 100 BTC to Coinbase, 150 BTC to BitStamp, and 32.74 BTC to Kraken, according to Arkham Intelligence data.
'VanEck' files application to launch 'Solana' ETF in the US
VanEck, one of the first ETF issuers (#ETF ) in the United States, has applied for a Solana ETF. (#Solana ). Matthew Siegel, head of digital asset research at VanEck, took to the X platform on June 27 to announce that the company had filed an application for a Solana ETF with the US Securities and Exchange Commission (#SEC✅ ).
Whales shed nearly $26 million worth of meme coins during market downturn
When the value of Bitcoin temporarily fell below the $59,000 threshold yesterday, panic set in among retail investors and cryptocurrency whales. Amid this volatility, on-chain data reveals that these large players are strategically reducing their holdings of meme coins. Mime coins are known for their high-risk, high-reward nature, and often experience sharp fluctuations.To get an advertising service for your crypto project or data
Strong rise in BONK and FLOKI currencies amid market decline.. Will the rise continue?
The digital currency market witnessed a remarkable rise in the meme currencies “Bonk” (#BONK🔥🔥 ) and “Fluki” (#FLOKI🔥 ), which are based on the Solana network, by more than 15%, despite the general decline it is witnessing. market. The price of the “Bonk” currency exceeded $0.000022, recording a 17% increase, with a market value of $1.53 billion, making it ranked 56th among the largest digital currencies. Bonk witnessed a noticeable increase in daily trading volume. It reached approximately $300 million.
Rumors indicate that Solana is under criminal investigation
Solana <t-21/>#sol is said to be under investigation, according to a prominent influencer on the social media platform X. Details are still unclear. Solana is among the cryptocurrencies that received a “safety” rating by the US Securities and Exchange Commission (SEC) last year.For an advertising service for crypto projects
Shiba Inu falls to the lowest point... and here's why
Shiba Inu $SHIB 's price performance is the worst among meme coins this month. It may take some time for Shiba Inu holders to recover, as current market conditions do not support a positive outcome. To get an advertising service for crypto projects Shiba Inu investors are backing down The price of the Shiba $SHIB Eno is facing significant pressure from bears as the memecoin fell to a three-month low. With this decline, selling pressure on SHIB investors continues to rise, as seen in the decline in the Chaikin Funds Flow Index.
Bitcoin loses more than $2,000 in half an hour, with massive losses for shares of crypto companies
The digital currency Bitcoin witnessed significant losses during trading on Monday, as the price of the digital currency with the largest market value in the digital currency market fell by more than $2,000 in less than 30 minutes, which caused mass losses in the shares of crypto trading companies. The sharp decline in the price of Bitcoin comes after the Bitcoin trading exchange Mt.Gox announced that it is scheduled to begin distributing Bitcoin and Bitcoin Cash payments, BTC and BCH, which had been suspended, as of the beginning of next July, according to a notice published by the company’s rehabilitation secretary. Nobuaki Kobayashi on Monday.
New legal challenges for Ripple: Brad Garlinghouse's statements are the subject of the trial
The main issue in the lawsuit is whether $XRP are considered “securities” under US law, a determination that could significantly impact the regulatory obligations of digital currencies. Ripple's defense essentially argues that XRP does not meet securities standards based on the Howey Test, a standard for defining investment contracts. However, Judge Hamilton focused her decision on taking the case to trial.
These currencies will be combined into one currency called $Asi For your information, all three currencies are in the ascendant phase
And one last piece of advice Trading pair $AGIX will be removed on 7/1/2024 Therefore, you should be careful while trading whether it is rising or falling.
$PEPE currency traders rely on many technical indicators and analyzes to know future price expectations. While tracking all indicators is necessary to evaluate an accurate price prediction that matches the market trend, this does not prevent the existence of basic and more valuable indicators. Knowing the Pepe support and resistance levels gives traders a clear view of the supply and demand situation and even helps them identify reversals in trends.
XRP open interest rises as bets increase on Ripple dispute settlement
The digital currency $XRP , which is at the center of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC), is witnessing a significant increase in trader interest, as shown by a rise in open interest (OI). This rise in open interest, in conjunction with recent price movements, indicates growing optimism around the upside potential of XRP as hopes for a legal settlement increase.
NOT coin is tied up with $BTC like a rubber band$ . if #Bitcoin goes up by a point $NOT OT coin is moving UP two points, but if Bitcoin moves UP by two points coin follows UP by 3 to 5 points. However the momentum of NOT coin always halted by or interrupted by Bitcoin. Even it likes to goes UP Bitcoin always interrupt. عمل مرتبطة بالبيتكوين مثل الشريط المطاطي. إذا ارتفعت عملة البيتكوين بمقدار نقطة واحدة، فإن عملة NOT $ ستتحرك للأعلى بنقطتين، ولكن إذا ارتفعت عملة Bitcoin بمقدار نقطتين، فإن عملة NOT $ ستتبعها بمقدار 3 إلى 5 نقاط. ومع ذلك، فإن زخم عملة NOT $ يتوقف دائمًا أو يقطعه البيتكوين. حتى أنها تحب أن ترتفع، فإن عملة البيتكوين تقاطع دائمًا.
Binance Co-Founder Calls on Elon Musk to Address Cryptocurrency Scams on the X Platform
Binance co-founder Yi He expressed concern about the spread of cryptocurrency fraud on the social media platform X, owned by Elon Musk. Ye Hee recently took to the app and wondered if Musk would take action to combat the issue. Yee Hee's concerns are about specific scams taking place on the X platform. She shared images of accounts that were clearly imitating and impersonating her Access to MEME coins powered by Binance.
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Pepe price barely stabilizes above the critical $0.00001146 support level, and faces the risk of further decline. This is due to the constant flow of funds from the asset, which indicates a decrease in conviction.
This can be seen in Chaikin Money Flow (CMF). It is a technical analysis indicator that measures buying and selling pressure during a specific period. It uses volume and price data to measure the strength of a market trend, helping traders identify potential reversals and confirm trends.
The index is currently at a two-month low, indicating that outflows are intensifying selling pressure.
This is supported by the behavior of investors, especially those who are profitable. When monitoring active addresses by profitability, it can be seen that the PEPE holders that notice the winnings are constantly active on the network.
This is worrying because these investors tend to sell their assets for profits. In general, their participation under 25% is relatively less worrying, but more than the threshold is problematic, and this is the case with PEPE.
So, the falling price of Ethereum is causing ETH holders to become increasingly skeptical, with many moving to sell their holdings to recoup their losses.
Looking at the network's realized P&L indicator, profit taking has been on the rise over the past few days. The rise in the gauge is the largest in three months, with the last such selling observed in March when 7,171,983,1160 were rising. But this is done due to declining optimism related to further profits. Those who sell on the network that has created the most anxiety are the long term owners. These investors tend to hold their assets for more than a year. HODLing during declines shows conviction and confidence in the recovery. On the other hand, selling them quickly causes a downward rally, causing the price to fall further.
This is evident in the expended lifetime of ETH, where the rise shows increased supply traffic within addresses. This tends to show an increasing decline in conviction among investors.
In the case of Ethereum, such a rise in the index is not a good sign for the crypto asset. Also, it shows that long-term holders are unsure about future recovery #ETH🔥🔥🔥🔥
The price of XRP is at a two-month low right now, but a recovery is possible if investors just choose to push the price back up.
,The Market Value to Realized Value (MVRV) ratio shows this ,potential. The 30-day MVRV ratio suggests that investors are sitting at a loss of 6.80%, which could lead to accumulation. Historically, XRP price tends to recover when the MVRV is between -4.3% and -10.5%, as they often precede rallies.